Ghana cedi worse off in Africa

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I HATE PROPAGANDA 9 years ago

THE SSSS IS NOT TO BLAME FOR OUR WOES BUT RATHER THE PROFLIGATE EXPENDITURE BY GOVT ON UNNECESSARY VENTURES WHILE OVER-RELYING ON FOREIGN SUPPORT INSTEAD OF BUILDING LOCAL FINANCIAL CAPACITIES. I AM DISAPPOINTED ALSO IN OUR J ...
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THE SSSS IS NOT TO BLAME FOR OUR WOES BUT RATHER THE PROFLIGATE EXPENDITURE BY GOVT ON UNNECESSARY VENTURES WHILE OVER-RELYING ON FOREIGN SUPPORT INSTEAD OF BUILDING LOCAL FINANCIAL CAPACITIES. I AM DISAPPOINTED ALSO IN OUR JOURNALISM. I THINK THEY HAVE RUINED GHANA THE MOST
Foreigner 9 years ago

I do agree that SSSS is not the sole reason for our economic owes...but it DOES Have a key part to play. Corruption, budget mismanagement and SSSS are key drivers in the current crisis.

SSSS takes over 70% of the budget. ...
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I do agree that SSSS is not the sole reason for our economic owes...but it DOES Have a key part to play. Corruption, budget mismanagement and SSSS are key drivers in the current crisis.

SSSS takes over 70% of the budget. What successful country in the world spends sooo much just on salaries of their government employees???? In the US, it's under 10%, 12.8% if you include the military !

If you are spending all your budget on salaries, you need to overspend just to keep up with maintenance of infrastructure, fulfilling payments on already signed development projects, etc, etc. The government did a poor job of implementing SSSS, not knowing its impact on the budget. Also, it's not able to manage it's spending levels. The big judgement debt cases a significant drain on precious resources.

Bottom line...How it was implemented without proper oversight is a key driver in Ghana's current budget woes.
Osei 9 years ago

Stupid Afari guan is worse person.killer......

Stupid Afari guan is worse person.killer......
Osei 9 years ago

Stupid Afari guan is worse person.killer......

Stupid Afari guan is worse person.killer......
Osei 9 years ago

Stupid Afari guan is worse person.killer......

Stupid Afari guan is worse person.killer......
Osei 9 years ago

Stupid Afari guan is worse person.killer......

Stupid Afari guan is worse person.killer......
Osei 9 years ago

Stupid Afari guan is worse person.killer......

Stupid Afari guan is worse person.killer......
Osei 9 years ago

Stupid Afari guan is worse person.killer......

Stupid Afari guan is worse person.killer......
Osei 9 years ago

Stupid Afari guan is worse person.killer......

Stupid Afari guan is worse person.killer......
Osei 9 years ago

Stupid Afari guan is worse person.killer......

Stupid Afari guan is worse person.killer......
Osei 9 years ago

Stupid Afari guan is worse person.killer......

Stupid Afari guan is worse person.killer......
Osei 9 years ago

Stupid Afari guan is worse person.killer......

Stupid Afari guan is worse person.killer......
Osei 9 years ago

Stupid Afari guan is worse person.killer......

Stupid Afari guan is worse person.killer......
Pelicles 9 years ago

Who are the "brains" in NDC and why can't they find solutions to our problems? I heard Fiifi Kwetey saying he is the best there is so, what is he waiting for to put his expertise to rein in the fallen cedi?

Any party that ...
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Who are the "brains" in NDC and why can't they find solutions to our problems? I heard Fiifi Kwetey saying he is the best there is so, what is he waiting for to put his expertise to rein in the fallen cedi?

Any party that rules with lies will always find herself in deep, very deep trouble but they will not hesitate to blame someone.
Antiochus - London 9 years ago

Better Ghana Agenda is on track!

Better Ghana Agenda is on track!
Agalas 9 years ago

Exactly 7 years today I changed some pounds at Accra at the rate of 1.7375 to a pound. I could fill my 3litre Toyota Hilux with under 50 cedis. I came back from Ghana only 2 weeks ago and I tell you what,the country is gone i ...
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Exactly 7 years today I changed some pounds at Accra at the rate of 1.7375 to a pound. I could fill my 3litre Toyota Hilux with under 50 cedis. I came back from Ghana only 2 weeks ago and I tell you what,the country is gone is turned upside down by the ferocious porchers. For the same vehicle, I had to spend 180 cedis to get it filled up, even though oil has been discovered and drilling has started with some oil income being realized.With all that we hear about the economy of Ghana from so our so called 'Learned Professionals' Seth Tekpe and his team of economics how come that in only a metter of 5 to 6 years the cedi exchange rate has risen so high that as it was the case, we would have to carry our monies in sacks whenever we go to Ghana to change some few pounds? I suggest we all Ghanaians, no matter where you may be hiding, have got a role to play in the resurection of our beloved cedi.Let's all go to Ghana to use just our fingers, not weapons of mass destruction to replace the good for nothing government come December 2016. Thank you to all Ghanaians. Agalas
NAKED 9 years ago

God bless you for your sanity.

God bless you for your sanity.
KKO 9 years ago

Agalas,
We do not all have to go to Ghana. We can use the social media to kick this lot out. The poorest of the poor in the Central, Western and Northern Regions that need to be schooled. Will you join the ABM (Anybody else ...
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Agalas,
We do not all have to go to Ghana. We can use the social media to kick this lot out. The poorest of the poor in the Central, Western and Northern Regions that need to be schooled. Will you join the ABM (Anybody else But Mahama) campaign?
Abban 9 years ago

Thank you Agalas for honest comments, with God help Ghana will get independence from evil Afari Gyan and the stupid Mahama.

Thank you Agalas for honest comments, with God help Ghana will get independence from evil Afari Gyan and the stupid Mahama.
Familyman-Saskatchewan 9 years ago

Ghana need a mass social revolution without arms to change the government. The so call "better Ghana agenda" is not working. Common sense must tell us that if the government strategies are not working economically or socially ...
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Ghana need a mass social revolution without arms to change the government. The so call "better Ghana agenda" is not working. Common sense must tell us that if the government strategies are not working economically or socially, then, the gov`t must give way to another party with different methods of approach to revitailize the economy and stop the falling currency. But in the case of Ghana greed and selfishness will not allow for a change eventhough they in power know very well they cannot fix the problem. When are we gonna learn to give up power if we cannot find solutions to problems facing the country. It is time for a massive wake up call for all ghanaians to call for a change before things get out of control.
NANA AKUFO ADDO 9 years ago

THE CEDI IS IN THE PRESENT PREDICAMENT BECAUSE CRIMINAL AGENCIES LIKE FITCH, IMF AND WORLD BANK HAVE AGENTS WHO MAKE A LIVING TRADING IN FOREX. AND SO THEY BET ON FLUCTUATIONS. IT IS THEREFORE IN THEIR BEST INTEREST TO ENSU ...
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THE CEDI IS IN THE PRESENT PREDICAMENT BECAUSE CRIMINAL AGENCIES LIKE FITCH, IMF AND WORLD BANK HAVE AGENTS WHO MAKE A LIVING TRADING IN FOREX. AND SO THEY BET ON FLUCTUATIONS. IT IS THEREFORE IN THEIR BEST INTEREST TO ENSURE THAT THEY CONSISTENTLY SPEW OUT BAD NEWS TO MOVE THE MARKETS IN THEIR FAVOUR. DON'T FALL FOR THESE CRIMINALS. LET'S CONTINUE TO IMPLEMENT OUR HOMEGROWN POLICIES. THE CEDI WILL BOUNCE BACK.
Matter 9 years ago

When I first came to the D. R. Congo in 2007,
the exchange rate was 350 Fcs to a dollar. Today, it is 900Fcs to one dollar, MORE THAN 100%. It is an African problem, not Ghana alone.

When I first came to the D. R. Congo in 2007,
the exchange rate was 350 Fcs to a dollar. Today, it is 900Fcs to one dollar, MORE THAN 100%. It is an African problem, not Ghana alone.
matzcrorkz 9 years ago

wP435B Great blog article.Thanks Again. Much obliged.

wP435B Great blog article.Thanks Again. Much obliged.
crorkz matz 9 years ago

lGxe23 Appreciate you sharing, great blog article. Cool.

lGxe23 Appreciate you sharing, great blog article. Cool.

Ghana cedi worse off in Africa

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